WHY YOU SIMPLY CANNOT TRUST ANYTHING GCEI SAYS.
If you’ve been around for at least the last 3 years you see the LIES AFTER LIES AFTER LIES by the Company:
HERE IS THE PROOF from their Q filings:
This is what GCEI said in their Q1 report:
Plasma arc smelting technology will be used for the PGM business. GCE has agreements with the world’s leader in plasma smelting technology.
This is what was said in their Q1 report:
The underwriter for the IPO of the REIT has been selected. The company will announce the name and commitment once the final agreement has been signed which should take place in the middle of the third quarter.
This is what was said in their Q3 report:
We have been meeting with the company’s investment bankers and the final commitment and pricing is anticipated to be announced in the middle of the fourth quarter. The property for construction has been narrowed to two locations, both outside Houston, Texas. The turn key operators have been involved in all pre construction pricing, land selection and development of a science board of directors. Announcement of those relationships will be released upon signing the funding letter of commitment.
Did anything happen from the Q1 report – YES - they advised shareholders that they abandoned the PGM acquisition!
Did anything happen in the ‘middle of the third quarter’ as promised in the Q2 report – NOPE!
Did anything happen in ‘the middle of Q4’ for the Q3 report – NOPE!
HAS ANYTHING THEY HAVE EVER PROMISED IN ANY Q REPORT EVER HAPPENED – NOPE! NEVER!
YOU CAN GO BACK FOR 10 YEARS AND SEE THE SAME UNKEPT PROMISES!! NOT A SINGLE ONE!!!
SO DO NOT BELIEVE THAT ANYTHING WITH THE ALGAE REIT IS COMING. NEWS WAS DUE 4 MONTHS AGO AND NOT A SINGLE INTERIM UPDATE.
ALL MY POSTS EXPRESS MY PERSONAL OPINIONS. DO YOUR OWN DUE DILIGENCE.
